The AI trade faces big tests next week, starting with Nvidia earnings and capped by Anthropic IPO

Share

The artificial intelligence sector faces a pivotal week, with Nvidia reporting earnings on Tuesday and Anthropic making its market debut on Thursday. Despite the departure of CEO Jensen Huang, Nvidia shares fell only about 13% during the week, while the S&P 500 technology sector gained more than 2%. Nvidia’s 30%-plus decline over six weeks erased roughly $2 trillion from its market value and could draw investors back into the stock. Anthropic plans to price its offering at $70 to $78 per share after lowering its estimated valuation to $1.2 trillion, with a goal of reaching a $100 billion annualized revenue run rate by the end of 2026.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items